Goldman Sachs "Global Semiconductor Shortage May Ease in Second Half of Next Year"

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] Global investment bank Goldman Sachs has projected that the semiconductor shortage affecting the world may ease in the second half of next year.

According to CNBC on the 8th (local time), Andrew Tilton, Goldman Sachs' Chief Economist for Asia Economics, stated, "This is probably the period when production disruptions in industries such as the automotive sector caused by the semiconductor shortage are most severe."

Economist Tilton said, "The worst period is about to end, and a gradual recovery will emerge," adding, "We expect the semiconductor shortage situation to ease in the second half of next year."

Tilton also noted, "Concerns about production disruptions have been raised in Taiwan, one of the major semiconductor-producing countries, due to drought and the spread of COVID-19," and added, "It is necessary to closely monitor the semiconductor market situation going forward."

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